Software, services exports rise 29% in FY’08

Software, services exports rise 29% in FY’08
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First Published: Wed, Jul 09 2008. 04 03 PM IST
Updated: Wed, Jul 09 2008. 04 03 PM IST
PTI
New Delhi : India’s software and services exports grew 29 per cent in 2007-08 to register a revenue of 40.4 billion dollar, up from 31.4 billion dollar in the previous year, Industry body NASSCOM said today.
The overall IT-BPO industry, including the domestic market, recorded 28 per cent growth to touch 52 billion dollar revenue in FY’07-08.
The software and services revenue is expected to grow between 21-24 per cent in the current fiscal, with the export segment foretasted to reach 50 billion dollar.
Tata Consultancy Service remained the top software and services exporter followed by Infosys and Wipro. The BPO exports clocked 30 per cent increase to reach a revenue of 10.9 billion dollar.
“We are well on our target to achieve 60 billion dollar revenue in export in 2009-10,” NASSCOM President Som Mittal said.
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First Published: Wed, Jul 09 2008. 04 03 PM IST